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The Purple Guys Announces Acquisition Of Accelerate

May 10, 2022•over 3 years ago

Acquiring Company

The Purple Guys

Acquired Company

The Purple Guys

SoftwareSoftware

Description

The Purple Guys, a leading provider of managed IT services to small and mid-sized organizations, completed the acquisition of Accelerate, an Indianapolis, Indiana-based IT managed services provider. This acquisition expands The Purple Guys’ presence in the Central U.S., providing additional resources and support to offer clients in the region access to an even broader portfolio of IT solutions.

Company Information

Company

The Purple Guys

About

The Purple Guys is a leading provider of comprehensive managed IT services to small and mid-sized businesses. We focus on our clients' IT so they don't have to. As trusted members of our clients’ teams, we work hard on their behalf to help their businesses grow and succeed by ensuring secure, reliable and cost-effective IT systems. The Purple Guys has offices in Shreveport and New Orleans, Louisiana; Kansas City, Kansas; St. Louis, Missouri; Austin and Dallas, Texas; and now Indianapolis, Indiana, employing more than 200 highly trained team members serving businesses throughout the Central and Southern U.S. For more information, visit purpleguys.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed